Comparing Apple to Blockbuster is a big stretch. Blockbuster failed because it stuck to an outdated model and ignored innovation, like passing on Netflix.

Apple, on the other hand, has a strong brand, a loyal customer base, and a diverse ecosystem of hardware and services. While iPhone growth is slowing and they face intense competition and regulatory scrutiny, Apple is actively investing in new areas like AI and spatial computing (Vision Pro).

They're adapting and evolving, not facing imminent obsolescence. The "smell of increasing obsolescence" might be more about slower revolutionary innovation rather than an outright collapse.